GBPUSD remains bullish

07.12.2021

For the pound dollar, the situation looks very similar to the EURUSD pair. Reduced volatility with an emphasis on declines and tendencies.

The only difference is that the decline is considered within the framework of a double zigzag without obvious volatility. According to many signs, the active phase is getting closer, for which it is worth preparing. Selling should be considered after the breakdown of the local support level.

Idea: Sales 1.3205, SL 1.3230, TP 1.3100.